Oil Steady Before Pivotal OPEC+ Meeting on Production Policy
- Date: 03-Dec-2020
- Source: Bloomberg
- Sector:Oil & Gas
- Country:user-top-picks
Oil Steady Before Pivotal OPEC+ Meeting on Production Policy
Oil pumping jacks, also known as "nodding donkeys"in a Rosneft Oil Co. oilfield near Sokolovka village, in the Udmurt Republic, Russia, on Friday, Nov. 20, 2020.
Photographer: Andrey Rudakov/Bloomberg
Photographer: Andrey Rudakov/Bloomberg
Oil was steady before an OPEC+ meeting as key powerbrokers in the alliance haggle over output policy after failed talks earlier in the week.Futures traded near $45 a barrel in New York after rising 1.6% on Wednesday. Discussions are now focusing on proposals for a gradual easing of production cuts over several months, said a
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